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Virgin Australia Velocity Flyer – 0% Balance Transfer
Virgin Australia Velocity Flyer – 0% Balance Transfer

Virgin Money Credit Cards

Virgin Australia Velocity Flyer – 0% Balance Transfer

Updated 12 November 2019

With this Virgin Australia Velocity Flyer card offer you’ll save with a long 0% on balance transfers for the first 22 months with a 1% balance transfer fee. Plus pay $64 annual fee first year, then $129 thereafter. Earn 3 additional bonus Velocity Points per $1 on your everyday spend in the first 3 months (capped at 10,000 Points per month). Plus $129 Virgin Australia Gift Voucher every year. Overall the best value Velocity earning card on the market.

T&Cs apply. Offer ends 2 December 2019

Purchase Rate (p.a)

20.74%

Balance Transfer (p.a)

0% for 22 months 1% BT fee applies. reverts to 20.99% p.a.

Annual Fee (p.a)

$64 first year. Then $129 p.a.

$0 over 22 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • Half annual fee in the first year - $64, reverts to $129
  • Uncapped Velocity Points earning
  • 0% balance transfer rate for 22 months with a 1% balance transfer fee. Ability to transfer a personal loan as well as a credit card balance.
  • Exclusive $129 Virgin Australia Gift Voucher, each year. Use the voucher when booking Virgin Australia flights (including sale fares) or selected Virgin Australia Holidays packages.
  • Earn 3 additional bonus Velocity Points per $1 on your everyday spend in the first 3 months (capped at 10,000 Points per month).
  • $0 Additional cardholder fee
  • Complimentary transit accident insurance
  • Guaranteed pricing scheme
  • Eligible with Samsung Pay

  • High standard interest rates like all rewards credit cards
  • Earn rate drops to 0.5 points per $1 after $1,500 in a statement period (month)

Creditcard.com.au review

Editor Review

Virgin Australia Velocity Flyer – 0% Balance Transfer

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

Virgin Australia Velocity Flyer Credit Card

Don’t you just love a great offer? Whether it’s the perfect pair of shoes that just happen to be on sale, or a buy-one-get-one-free offer on, well pretty much anything. When it comes to credit cards, you can find special offers all over the place. But while some of them certainly are great, some of them are not so special.

Luckily for us, the current offer on the Virgin Australia Velocity Flyer Credit Card fits firmly in the former category. Not only can you benefit from 0% p.a. on balance transfers for 22 months, you can also earn 3 additional bonus Velocity Points per $1 on your everyday spend in the first 3 months (capped at 10,000 Points per month), you pay only $64 annual fee first year and you can earn an exclusive $129 Virgin Australia Gift Voucher, each year.

Phew. I think we might need to sit down.

Want to find out what else the card has to offer? Let’s take a look.

What we love...

First up, let’s look more closely at the card’s awesome introductory offers. This is a super long balance transfer offer, giving you a massive 22 months to pay down your transferred balance. If you are not moving over a balance and are looking to spend on the card there is another intro offer available on purchases for this same card - click here.

When we’re talking frequent flyer cards, we usually expect to pay a substantial annual fee. Comparable frequent flyer cards include the NAB Velocity Rewards Credit Card and the ANZ Frequent Flyer Card (which earns Qantas Frequent Flyer Points), both with an annual fee of $95. Yes, we know that these cards have a lower standard annual fee, but the Virgin Australia Velocity Flyer Credit Card has a trick up its sleeve.

As a cardholder, you can receive a $129 Virgin Australia Gift Voucher, each year. All you need to do to unlock this offer is make a retail purchase on your card within two months prior to requesting your voucher. You can then use the voucher when booking Virgin Australia flights (including sale fares) or selected Virgin Australia Holidays packages, any time within six months of the voucher issue date.

Want more? You got it. Let’s talk earn rates. You’ll earn 0.66 Velocity Points per $1 spent up to $1500 per month, then 0.5 Velocity Points thereafter. And the big bonus? You can also earn three bonus Velocity Points on top of your standard earn rates for every $1 spent in your first three months (capped at 10,000 bonus Points per month).

What’s not so great...

As with any balance transfer offer, it’s best to pay off the transferred balance before the intro period ends. This is most definitely the case with the Virgin Australia Velocity Flyer Credit Card, as the balance transfer rate reverts to the cash rate of 20.99% p.a. at the end of the intro period. You also pay a 1% one off balance transfer fee on the balance you move over to this card.

It’s also worth noting that it features a purchase rate of 20.74% p.a., which could get pretty darn expensive if you carry a balance on this card.

Why should you choose this card?

This card would be a fantastic option if you want to pay off a substantial balance on an existing card. We think 0% p.a. on balance transfers for 22 months is a pretty good deal indeed. But, with its high purchase rate, be sure to pay off that transferred balance and any purchases before they start attracting interest.

If you’re looking for an affordable card that offers decent Points-earning potential – and you happen to like flying Virgin – then this could be the ideal choice. You can earn Points for everyday spending on the card, and higher Points when spending with Virgin Australia. Plus, you benefit from that enviable three month bonus Points offer.

Any other nifty features? You can enjoy complimentary transit accident insurance, Pricing Guarantee on purchases, and up to four additional cardholders at no extra cost.

Overall Rating

Awesome intro offer on an affordable Velocity frequent flyer card. Gift voucher offer, long balance transfer, additional bonus points and $64 annual fee first year, plus other extras such as decent Points-earning potential for everyday spending.

User reviews

Virgin Australia Velocity Flyer – 0% Balance Transfer ( based on 61 Creditcard.com.au user reviews )

70% rating based on 61 reviews

Rates
Fees
Rewards
Customer Service
Value
66%

Gerard Connolly

28 January 2013

If you want to get virgin points then this is a good choice. I fly mostly virgin and this gets me 1 point for every dollar. It does have the restriction that stops you earning as many points after you spend $1500 in a month but you still earn points after that.

Recommends this card

Rates and fees

Interest rates



Purchase rate 20.74% p.a.

Cash advance rate 20.99% p.a.

Interest free period on purchases up to 44 days

Balance transfer

Balance transfer rate 0% p.a. for 22 months

Balance transfer revert rate 20.99% p.a.

Balance transfer from personal loan Yes

Balance transfer fee 1% one off

Balance transfer limit 80% of approved credit limit

Banks you can't balance transfer from Bank of Queensland, Citi, Coles, IMB, Qantas Money, Suncorp, Virgin Money

Credit limits

Minimum credit limt $6,000

Maximum credit limit $30,000

Fees & repayments

Annual fee $129 p.a.

Additional card holder fee $0

Foreign transaction fee 3.3%

Minimum repayment $30 or 2%

Annual fee the first year $64

Cash advance fee 2.7%

Late payment fee $10

Rewards and points

Rewards program

Rewards Program Velocity Frequent Flyer Velocity Frequent Flyer

Bonus points N/A

Annual points cap uncapped

Bonus points spend criteria N/A

Earning points with this card

Velocity Rewards points 0.66 points per $1 spent

Points cap per month Capped at $1500, then 0.5 pts per $1 spent

Overseas earn rate same as standard earn rate

Additional features

Complimentary insurance

International Travel Insurance No

Flight Inconvenience Insurance No

Transit Accident Insurance Yes

Smartphone Screen Insurance No

Purchase Protection Insurance No

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No

Extras

$129 Virgin Australia Gift Voucher each year

Guaranteed pricing scheme

Eligible with Samsung Pay

Overview

Virgin Australia Velocity Flyer – 0% Balance Transfer

Huge balance transfer offer plus earn 3 additional bonus Velocity Points per $1 on your everyday spend in the first 3 months (capped at 10,000 Points per month). If you are a frequent flyer with Virgin, you’re sure to see the benefits of the Virgin Australia Velocity Flyer credit card, and if you sign up today you can also take advantage of 0% interest on balance transfers for the first 22 months with a one off 1% balance transfer fee. Half annual fee of $64 first year (reverts to $129 p.a.) and get an exclusive $129 Virgin Australia Gift Voucher, each year. Now that’s value.

Points can be redeemed for travel with Virgin Australia and other international partners. Earn 0.66 Velocity Points per $1 spent up to $1,500 per month, then 0.5 Velocity Points thereafter.

Other features of the card include 24/7 account access, up to 4 additional cards at no extra cost, FraudShield, transit accident insurance and pricing guarantee.

Key features

  • 0% p.a. on balance transfers for 22 months with a 1% balance transfer fee. (reverts to cash advance rate). You'll also be able to transfer a personal loan balance.
  • Half annual fee in the first year - $64, reverts to $129. Up to 4 additional cardholders at $0 p.a. each
  • Earn 0.66 Velocity Points per $1 spent up to $1500 per month, then 0.5 Velocity Points thereafter.
  • Earn 3 additional bonus Velocity Points per $1 on your everyday spend in the first 3 months (capped at 10,000 Points per month)
  • Enjoy an exclusive $129 Virgin Australia Gift Voucher, each year
  • Complimentary transit accident insurance cover
  • Pricing Guarantee on purchases
  • Eligible with Samsung Pay

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Resident or citizen of Australia

  • Minimum income of $35,000 p.a.

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

129 questions (showing the latest 10 Q&As)

Jessica

Jessica

1 November 2019
Hi, the website says the bonus points offer is only for new card holders. If I had a card years ago and cancelled it, how long before I'm considered a 'new' client and eligible for a bonus again? Thanks.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    4 November 2019
    Hi Jessica, checking the terms on the site. Offer applies to new approved Virgin Australia Velocity Flyer Card customers who apply by 2 December 2019. There is no mention of timeframe for this. Though usually I would expect 18 months as a limit to be considered new. If you had one years ago. It sounds like you could be eligible. Though it is strange that they do not mention any time frame for not having a card.
EMMA

EMMA

31 October 2019
Hi, do you offer balance trasnfers for $20,000? Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    1 November 2019
    Hi Emma, the amount you can balance transfer will depend on your approved limit. You can balance transfer up to 80% of this. So if you are approved for a 25k limit. Then you can transfer up to 20k. Your credit limit is assigned by the bank at the time of application. Therefore you can not know before what they will give you. If you are not happy you with the limit assigned you can complain and/or cancel the application before activation.
bhuwan adhikari

bhuwan adhikari

29 September 2019
hi. i am employee doing uber eats job in sydney. i dont get payslip, instead of that i get tax statement with gross monthly income in every month. Will that be okay for the credit card application?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    30 September 2019
    Hi Bhuwan, I think so. Uber is such a big employer now. Many people on Uber would be applying for credit products. You can use this income statements with your bank account as proof of income. Best of luck with your application.
Sam

Sam

26 September 2019
Hi, i need to find a 0% balance transfer credit card that allows me to transfer the balance from my partners credit card. I am a named card holder on my partners credit card. Thanks.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    27 September 2019
    Hi Sam, this is impossible. A balance transfer must be between the same legal person. You cannot balance through your partners debt. A longer way around could be for you to get a low rate personal loan (non-Citi). Pay off your wife's card with the loan. Effectively taking ownership of her debt. Then look to do a Citi issued balance transfer such as this Virgin Flyer offer. With Citi, you can transfer up to 3 non-Citi issued loans, credit or store cards.
Jessica

Jessica

30 August 2019
Hello, I am looking to consolidate my debts and transfer then onto one card (two) so I can have a 1 year break from interest and get them paid off (2 grand total). However, I am currently living overseas. Will this impact my approval? Are there particular carriers that may be more open? Additionally, do declined credit card applications tarnish your record? Or can I apply with a couple of them. Thanks.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    30 August 2019
    Hi Jessica, living overseas could definitely be a problem. You need to be residing in Australia and have income from Australia to apply. You would need to provide an AU address for the app. Every time you apply for credit, it is recorded on your credit file. So do not apply for cards willy nilly. Have a read through our credit card application tips.
Confused

Confused

16 August 2019
I had two high interest credit cards which I paid off and closed. Brought a house with over 20% deposit using non bank lender. Applied to my bank for credit card and was declined. Have full time regular job, never had default. Credit score is 605 - they had incorrect listings which have now been rectified but no change in score. Have personal loan which is paid on time all the time. Want a credit card for emergencies if travelling overseas. Are they any that I apply for?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    19 August 2019
    Hi Confused, its getting harder and harder to get approved for a credit card. New laws came in Jan 1 tightening credit approval for cards. They max your card and look to see if you can pay it off in 3 years. A range of other factors are involved. If you have been recently declined then I suggest you wait 6 months from your previous application before applying again. Read through our credit card application tips. What card did you apply for?
Kirsty

Kirsty

12 August 2019
Hello, is there a minimum term that we must have this account open for before closing when you bring a balance transfer over? Or could we close it after a few months. Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    12 August 2019
    Hi Kirsty, there is no minimum term. You could cancel it after a few months. Whenever you are at a $0 balance or can pay it off.
suresh

suresh

6 August 2019
do i get 55 days interest free on purchases along with balance transfer?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    7 August 2019
    Hi Suresh, whenever you have a balance transfer active. Then you will receive no interest free days on new purchases. To get interest free days, you need to pay off your card in full in the previous billing cycle. With a balance transfer active, you hold a balance on your card. Thus you get no interest free days. Best practice is not to spend on a card with an active balance transfer. Use another credit card that you pay off in full. Then you can take advantage of the up to interest free period.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    7 August 2019
    You could try an offer like https://www.creditcard.com.au/citibank-rewards-platinum-credit-card-0-purchase-offer/. Which has 0% on both balance transfer and purchases for 13 months.
michael wigginton

michael wigginton

30 July 2019
Hi , I can not add my full name into the transfer part of the form
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    31 July 2019
    Hi Michael, I am not sure what the issue is. If you have punctuation marks in your name, I would remove these. If you continue to have an issue I would give Virgin credit card customer service a call.

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